Nilsine Partners LLC Has $301,000 Holdings in ING Groep (NYSE:ING)

Nilsine Partners LLC lifted its holdings in shares of ING Groep (NYSE:ING) by 69.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,253 shares of the financial services provider’s stock after purchasing an additional 7,481 shares during the period. Nilsine Partners LLC’s holdings in ING Groep were worth $301,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Raymond James & Associates lifted its holdings in shares of ING Groep by 18.7% during the first quarter. Raymond James & Associates now owns 580,379 shares of the financial services provider’s stock worth $9,570,000 after purchasing an additional 91,443 shares during the period. Legacy Wealth Asset Management LLC raised its stake in ING Groep by 4.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 51,534 shares of the financial services provider’s stock worth $850,000 after buying an additional 2,143 shares during the last quarter. Wealthstar Advisors LLC raised its stake in ING Groep by 14.0% during the first quarter. Wealthstar Advisors LLC now owns 23,153 shares of the financial services provider’s stock worth $382,000 after buying an additional 2,837 shares during the last quarter. Norden Group LLC bought a new position in ING Groep during the first quarter worth $514,000. Finally, Naviter Wealth LLC raised its stake in ING Groep by 25.5% during the first quarter. Naviter Wealth LLC now owns 74,668 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 15,168 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Down 0.5 %

ING traded down $0.08 during midday trading on Tuesday, hitting $15.80. The company had a trading volume of 2,506,009 shares, compared to its average volume of 3,094,134. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.18. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $58.88 billion, a price-to-earnings ratio of 7.15 and a beta of 1.58. The stock’s 50 day moving average price is $15.54 and its 200 day moving average price is $14.44.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $6.15 billion. On average, research analysts anticipate that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a $0.697 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a dividend yield of 6.8%. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s payout ratio is 62.90%.

ING Groep Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.